Islamic summit adopts Istanbul Declaration in Turkey

PanARMENIAN.Net - The Economic Summit, held Monday in Istanbul, to mark the 25th Anniversary of COMCEC --the Standing Committee for Economic and Commercial Cooperation of the Organization of the Islamic Conference-- with participation of Heads of State and Government, adopted the "Istanbul Declaration".



Member countries of the Organization of the Islamic Conference unanimously adopted a closing declaration urging member states to ratify the Preferential Tariff Scheme (PRETAS) and the TPSOIC Rules of Origin, in order to foster economic and commercial ties.



The declaration also recognized the importance of the implementation of OIC Agreements and resolutions in the field of economic and commercial cooperation and regarded Trade Preferential System of OIC (TPS-OIC) as one of the main instruments to foster commercial ties and reaching the target of 20 % intra-OIC trade by 2015.